Financial Accounts of the United States - Z.1
F.117 Private and Public Pension Funds (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
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| Description | Series code | 2022 | 2023 | 2024 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pension funds; gross saving less net capital transfers paid | FA596000105 | 9.9 | 49.0 | 3.3 | 26.8 | 3.2 | 3.2 | 3.3 | 3.3 | 3.4 | 1 |
| Pension funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA595013005 | 9.2 | 9.6 | 10.1 | 9.6 | 9.9 | 10.0 | 10.1 | 10.2 | 10.2 | 2 |
| Pension funds; total financial assets (2) | FA594090005 | 287.6 | 380.2 | 279.3 | 349.1 | 353.9 | 277.2 | 270.4 | 274.9 | 294.7 | 3 |
| Pension funds; checkable deposits and currency; asset | FA593020005 | -5.2 | -2.7 | 25.8 | 1.5 | -21.5 | 43.0 | 21.3 | 22.7 | 16.2 | 4 |
| Pension funds; total time and savings deposits; asset | FA593030005 | 1.2 | -5.6 | -3.7 | 9.6 | -3.3 | -2.5 | -0.1 | -10.0 | -1.9 | 5 |
| Pension funds; money market fund shares; asset | FA593034005 | -15.9 | -9.1 | 1.6 | 6.6 | -8.5 | 31.5 | -7.3 | -15.8 | -2.2 | 6 |
| Pension funds; security repurchase agreements; asset | FA592051005 | 16.0 | 7.1 | 27.3 | 141.0 | 14.7 | 17.8 | 43.1 | 24.5 | 24.0 | 7 |
| Pension funds; debt securities; asset | FA594022005 | -37.9 | 24.3 | 213.2 | 35.5 | 9.8 | 160.4 | 316.2 | 203.9 | 172.5 | 8 |
| Pension funds; commercial paper; asset | FA593069105 | -16.2 | -3.2 | -4.8 | 3.1 | -9.5 | 7.2 | -3.1 | -16.3 | -7.1 | 9 |
| Pension funds; Treasury securities; asset | FA593061105 | -42.1 | 75.3 | 126.7 | 125.6 | 44.6 | 96.5 | 159.0 | 138.5 | 112.7 | 10 |
| Pension funds; agency- and GSE-backed securities; asset | FA593061705 | -32.0 | -6.5 | 15.2 | -60.4 | 20.1 | 14.3 | 16.9 | 15.0 | 14.8 | 11 |
| Pension funds; municipal securities; asset | FA593062045 | -0.0 | -0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 12 |
| Pension funds; corporate and foreign bonds; asset | FA593063005 | 52.4 | -41.3 | 76.1 | -32.8 | -45.4 | 42.4 | 143.3 | 66.6 | 52.0 | 13 |
| Pension funds; loans; asset | FA594023005 | 238.5 | 249.0 | 237.5 | 34.0 | 628.4 | 157.5 | 235.6 | 52.4 | 504.4 | 14 |
| Federal government retirement funds; other loans and advances; asset (3) | FA343069005 | 245.6 | 254.1 | 241.7 | 38.3 | 633.4 | 162.0 | 238.7 | 56.1 | 509.9 | 15 |
| Pension funds; total mortgages; asset | FA593065005 | -7.1 | -5.1 | -4.2 | -4.4 | -5.0 | -4.5 | -3.0 | -3.7 | -5.6 | 16 |
| Pension funds; corporate equities; asset | FA593064105 | 18.5 | -75.0 | -222.6 | -30.5 | -125.6 | -141.4 | -282.0 | -281.3 | -185.7 | 17 |
| Pension funds; mutual fund shares; asset | FA593064205 | -121.9 | 16.6 | -133.0 | -46.2 | 48.9 | -151.8 | -108.8 | -148.8 | -122.5 | 18 |
| Pension funds; total miscellaneous assets | FA593090005 | 194.4 | 175.5 | 133.2 | 197.7 | -189.1 | 162.7 | 52.5 | 427.5 | -110.0 | 19 |
| Pension funds; unallocated insurance contracts; asset (4) | FA593095005 | 18.0 | 12.5 | 23.5 | 11.9 | 10.6 | 21.1 | 26.4 | 23.1 | 23.4 | 20 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | 2.4 | -0.1 | 0.6 | 0.7 | -0.7 | 0.4 | 1.9 | -0.0 | 0.3 | 21 |
| Pension funds; claims of pension fund on sponsor; asset (5) | FA593073005 | 248.5 | 205.6 | 165.6 | 371.3 | -247.4 | 186.7 | 123.5 | 430.9 | -78.5 | 22 |
| Pension funds; unidentified miscellaneous assets | FA593093005 | -74.4 | -42.6 | -56.6 | -186.1 | 48.4 | -45.5 | -99.2 | -26.5 | -55.3 | 23 |
| Pension funds; total liabilities | FA594190005 | 287.0 | 340.8 | 286.1 | 332.0 | 360.6 | 284.0 | 277.3 | 281.7 | 301.5 | 24 |
| Households and nonprofit organizations; retirement assets (6) | FA153050015 | 166.4 | 502.2 | ND | 329.7 | 490.4 | 447.1 | 607.9 | 242.2 | ND | 25 |
| Defined benefit pension funds; pension entitlements (total liabilities) | FA594190045 | 248.6 | 232.5 | 226.6 | 229.2 | 226.8 | 225.4 | 226.3 | 227.0 | 227.6 | 26 |
| Defined contribution pension funds; total financial assets | FA594090055 | 38.3 | 108.2 | 59.6 | 102.8 | 133.8 | 58.6 | 51.0 | 54.8 | 73.9 | 27 |
| All sectors; IRAs; liability (7) | FA893131573 | -242.8 | 91.0 | ND | -22.9 | 163.5 | 149.0 | 317.1 | 38.6 | ND | 28 |
| Life insurance companies; pension entitlements, excluding unallocated insurance contracts and IRAs; liability (8) | FA543150015 | 122.3 | 70.5 | ND | 20.5 | -33.7 | 14.2 | 13.5 | -78.1 | ND | 29 |
NOTES
- Sum of private pension funds, state and local government employee retirement funds, and federal government employee retirement funds defined benefit plans and defined contribution plans.
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Nonmarketable Treasury securities classified as loans and suspended reinvestments in the Thrift Savings Plan G Fund.
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts; series begins 1985:Q4.
- Unfunded defined benefit pension entitlements.
- Households' retirement assets in tax-deferred accounts, including employer sponsored pension plans, IRAs, Roth IRAs, and annuities.
- IRA assets are not included above. See memo item on table F.229 for a sectoral distribution of IRA accounts.
- Annuities held in IRAs are excluded. They are included in line 28.
Last Update: March 13, 2025